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Latest India business, market, economy, technology and company news from trusted global and local sources.
Source: Reuters (via feed) Iraq overtook Russia as India's biggest oil supplier in February, according to shipping data released on Friday. Some analysts expect Russia to regain the top position this month. This expectation follows…
Source: Reuters (via feed) The Swiss government approved a plan aimed at combating money laundering and terrorist financing. The plan is designed to strengthen controls. It also seeks to protect the integrity of Switzerland as…
Source: Reuters (via feed) The French Navy seized the tanker Deyna on Friday in the Mediterranean. The vessel is identified as part of the Russian shadow fleet. French President Emmanuel Macron announced the seizure on…
Source: Reuters (via feed) Indian lenders are paying the steepest premiums for short-term funds in six years. Deposit growth remains sluggish. This has led to greater dependence on certificates of deposit (CDs). Borrowings via CDs…
Source: Reuters (via feed) India's infrastructure output rose 2.3% year-on-year in February, government data showed on Friday. BizTrendWire Insight: The data provides an official measure of changes in India's infrastructure output for February. Read full…
Source: Reuters (via feed) An airlines group representing IndiGo, Air India, and SpiceJet has warned the Indian government of route withdrawals. The group said delayed fleet and network expansions could occur if fare caps imposed…
Source: Reuters (via feed) Any prolongation of the Iran war risks creating an unprecedented crisis in energy supplies. This crisis could impact every part of the global economy. Energy supplies are a critical factor in…
Source: Reuters (via feed) Transparency activists and journalists in India are set to challenge the government over its new privacy law. They intend to take the issue to India’s top court. The activists argue that…
Source: Reuters (via feed) Amazon is planning a return to the smartphone market more than a decade after its Fire Phone failed. The Fire Phone was first introduced in 2014. It was intended to compete…
Source: Reuters (via feed) Mutual funds in India have sold government bonds at a record pace in March so far. This occurred as the war involving Iran drove up oil prices. Rising oil prices heightened…
Source: Reuters (via feed) European Central Bank policymakers warned on Friday of growing inflation risks. They stopped short of calling for tighter monetary policy at this time. Several brokerages have started forecasting rate hikes as…
Source: Reuters (via feed) Shares in German defence supplier Vincorion rose about 13.5% on their Frankfurt market debut on Friday. The initial public offering was multiple times oversubscribed. Investor demand carried through from the offering…
Source: Reuters (via feed) France has very little budgetary room to maneuver to respond to rising energy prices caused by the Middle East conflict. Bank of France Governor and European Central Bank policymaker François Villeroy…
Source: Reuters (via feed) Walmart-owned e-commerce platform Flipkart said on Friday that its group finance chief, Sriram Venkataraman, is stepping down. BizTrendWire Insight: Flipkart's announcement relates to a change in its finance leadership. Read full…
Source: Reuters (via feed) Disrupted fertiliser shipments and soaring energy prices arising from the war in Iran are threatening a fresh food-price surge. This surge is expected to affect vulnerable nations. The situation risks causing…
Source: Reuters (via feed) J.P. Morgan said on Friday it expects the European Central Bank to raise interest rates in April and July. This outlook contrasts with the bank’s earlier forecast of steady rates through…
Source: Reuters (via feed) Internet restrictions in Russia are affecting various users. Office workers experience blocked websites. Teenagers must frequently switch virtual private networks (VPNs). Taxi drivers face difficulties navigating Moscow without online maps. BizTrendWire…
Source: Reuters (via feed) The Indian rupee fell to a record low on Friday. The decline was driven by disruptions in global energy supplies amid the war in the Middle East. These disruptions threaten to…
Source: Reuters (via feed) The European Union will find ways to pay out the promised 90 billion euro loan to Ukraine. This statement was made early on Friday by European Commission President Ursula von der…
Source: Reuters (via feed) Israeli Prime Minister Benjamin Netanyahu said Iran no longer has the capacity to enrich uranium. He also said Iran cannot make ballistic missiles anymore. Netanyahu made these remarks during a news…
Source: Reuters (via feed) Goldman Sachs plans to cut a small number of jobs in April. The targeted staff are those who have underperformed. This information comes from a source familiar with the matter. BizTrendWire…
Source: Reuters (via feed) Some 65% of Americans believe U.S. President Donald Trump will order troops into a large-scale ground war in Iran. Only 7% of Americans support the idea, according to a Reuters/Ipsos poll.…
Source: Reuters (via feed) The Middle East war is an economic drag for Europe. Greek central bank chief Yannis Stournaras said the crisis should act as a wake-up call for more integration. He mentioned joint…
Source: Reuters (via feed) The Trump administration is considering deploying thousands of U.S. troops to the Middle East. This consideration comes as the Iran war expands. No further details were provided in the source regarding…
Source: Reuters (via feed) The average rate on the U.S. 30-year fixed-rate mortgage rose to a three-month high this week. The increase occurred as war in the Middle East raised inflation fears. This rise affects…
